Setting aside the known fact that precious metals prices are heavily manipulated, it can still be useful to follow long-term price movements.
Since the market crash of 2013, gold has traded sideways between 1100 and 1400 USD, with a brief dip under 1100 to form the bottom at the end of 2015.
For the past couple years the price has been putting pressure on the upward side of the channel.
Gold currently looks like it wants to visit the upper 1300s. This of course will depend on economic/political announcements and large movements in other markets.
Could it break the 1400 level? It has held for years, and it'll hold right up until when it doesn't.
It feels like the sale is almost over.
I'm nobody's financial advisor, but these cheap levels for physical gold and silver would be very attractive to me if I was sitting on cash.
Steem Silver Gold
I was welcomed to the steemsilvergold community yesterday, in this post.
I since found out that it functions mainly as a "vote for vote" club, and you have to pay to play. I don't buy, sell, or trade votes. So I will have to decline the offer.
I also noticed that they operate a crypto buying pool, yet claim to be stackers. Every stacker knows: If you don't hold it, you don't own it, and that goes for cryptos too. Buying pools are rife with fraud and other problems. They are just smaller exchanges. NEVER keep your cryptos in an exchange, regardless of size. If you don't hold it, it's not yours.
DRutter
